"PinchAI raises $5 million to help retailers defend against return fraud. PinchAI, a post-purchase intelligence platform that helps retailers reward loyal customers and prevent return fraud, has announced a $5 million seed round, co-led by Dynamo Ventures and Infinity Ventures with participation from Defined Capital and PayPal Ventures. With the funding, PinchAI will accelerate product development across its abuse prediction models, warehouse intelligence systems, and adaptive return engine."
"ConverSight and Katana partner to forecast demand and optimize inventory. ConverSight, a provider of unified decision intelligence, has partnered with Katana Cloud Inventory, a cloud-native platform for product businesses. The collaboration will deliver AI foresight to manufacturing, ecommerce, wholesale, and retail companies, enabling them to plan inventory, anticipate demand shifts, and reduce carrying costs. As part of the launch, the companies are introducing QuickStart AI for Katana, a tool that claims to transform Katana's data into proactive forecasting and inventory optimization."
"Paysafe and Pay.com launch partnership. Payments platform Paysafe has announced a collaboration with Pay.com, a payments orchestrator. Pay.com's technology enhances the checkout experience by leveraging advanced orchestration with a centralised risk engine to maximize acceptance and authorization rates. The platform now includes Paysafe's credit and debit card processing. Pay.com has also integrated Paysafe's Skrill and Neteller digital wallets, as well as PaysafeCard eCash tool, among other alternative payment methods."
PinchAI secured a $5 million seed round to scale post-purchase intelligence capabilities, focusing on abuse prediction models, warehouse intelligence, and an adaptive return engine to reduce return fraud and reward loyal customers. ConverSight partnered with Katana Cloud Inventory to provide AI foresight for manufacturing, ecommerce, wholesale, and retail firms, enabling better demand forecasting, inventory planning, and lower carrying costs; they introduced QuickStart AI for Katana to convert Katana data into proactive forecasts and optimization. Paysafe integrated with Pay.com to add card processing and digital wallet options while enhancing checkout acceptance through orchestration and a centralized risk engine.
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